The Magnum Ice Cream Company N.V. (NYSE:MICC) Receives Consensus Rating of “Reduce” from Brokerages

Shares of The Magnum Ice Cream Company N.V. (NYSE:MICCGet Free Report) have earned a consensus rating of “Reduce” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company.

A number of research analysts have recently weighed in on MICC shares. BNP Paribas Exane lowered Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. Berenberg Bank upgraded Magnum Ice Cream to a “hold” rating in a research report on Friday, February 27th. The Goldman Sachs Group lowered Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. Weiss Ratings lowered Magnum Ice Cream from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, June 1st. Finally, Zacks Research upgraded Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th.

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Magnum Ice Cream Stock Down 2.2%

Shares of Magnum Ice Cream stock opened at $17.44 on Wednesday. The firm’s 50-day moving average price is $15.37. Magnum Ice Cream has a twelve month low of $12.94 and a twelve month high of $19.93.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG purchased a new position in Magnum Ice Cream in the fourth quarter worth about $97,064,000. Generali Asset Management SPA SGR purchased a new position in Magnum Ice Cream in the fourth quarter worth about $1,644,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Magnum Ice Cream in the fourth quarter worth about $5,807,000. Ruffer LLP bought a new stake in Magnum Ice Cream in the fourth quarter worth about $5,398,000. Finally, ASR Vermogensbeheer N.V. bought a new stake in Magnum Ice Cream in the fourth quarter worth about $3,156,000.

Magnum Ice Cream Company Profile

(Get Free Report)

The Magnum Ice Cream Company N.V. engages in ice cream business. The Magnum Ice Cream Company N.V. is based in Amsterdam, Noord-Holland, Netherlands.

Further Reading

Analyst Recommendations for Magnum Ice Cream (NYSE:MICC)

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